Dec 4, 2012 3:00am PST
released his counterproposal on the fiscal cliff that grover norquist is still very much in charge of the republican party. republicans said once again that they were absolutely unwilling to raise tax rates on the wealthiest of americans. even though they were adopted in 2001 as a temporary measure only because we had a surplus. they were temporary because ten years later, we might have a surplus. we might need the money. that's exactly the situation is today. but sadly, it is not grover norquist or mitt romney or mitch mcconnell that's running the republican party. it is still a big lobbyist by the name of grover norquist. have a good one folks!
Dec 6, 2012 3:00am PST
the road. not that far down the road but get into 2013, get the fiscal cliff thing behind us. why? >> i think tom coburn and the president have slightly different reasons for it. but the problem with just doing tax reform when you don't have the rates going back up is that these deductions and credits that we're going to have to go after to reform, they primarily benefit people at the top. but they also benefit middle-class families. and if you just change those then what you end up doing is raising taxes on middle-class families as well. to get the same amount of revenue. in other words, if you're trying to get a revenue target, let's say $1.6 trillion which is what the president wants. you try to do that just by reforming the code, without the rates. you don't touch the rates. the only way to do it is to get the money out of the middle class. the president doesn't want to do that and most people don't want to do that. but if you let the rates go back up, you're basically halfway to your revenue target and you can